The ultimate end of all altcoinery. A fucking game over... As can be seen from the chat below, the Alt Cap just collapsed below the crucial resistance-turned-support line, and we are afoot for further slump.
However I have no idea if further collapse even makes sense... Ask yourself, if it is even feasible to trade. Leading Alts have got peachy fundamentals which are hard not to notice. Each time you drill the Big Web for cryptonews, you stumble upon "A mainnet has been launched...", "A new partnership has been concluded...", "A new in-house smart-contract mechanism is on its way..." types of headings... Yeah but does it all make any sense? Look where the crypto is at. As can be seen below, the support lies far, far below. It is so fucking far below that the likelihood of reaching it real fast becomes very, very high. We got a sustained support at 3 billion! Suppose, we subside "only" 10 fold from the current point, in which event EOS would be worth ~ 20 cents; ADA would hit 40 satoshi; BTS would post a new ATL within 17-20 satoshi range; and DASH would slide to 0.0003 BTC.
yeah...
However, the point I am making, is not about the prospect of massive negative gains to be posted within a broad specter of Altcoins.
The point is, there is totally no connection between what happens to crypto right now and COVID-19. There are no essential ties between traditional markets, DJI etc. and crypto.
Why do we plunge then?

The punch line is, logic just can not be found. Or, its non-existent. "Somebody" has taken massive short positions on bitcoin and the whole of crypto lately. "Somebody" is none other than exchanges themselves. Arthur Hayes & co, then CZ cartel, then Coinbase, then large miners. Retailers aint got no money to pull shit on a scale like this.
Whats next?


